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Top 15 VC Funds & Investors in Zimbabwe (August 2026)

The most active venture capital funds investing in Zimbabwe startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Zimbabwe startup companies. Find investors to raise a Pre-Seed, Seed or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Launch Africa
VC Fund
3 Nigeria, South Africa, United States Seed, Pre-Seed, Venture - Series Unknown Financial Services, FinTech, Information Technology $200k–$4M
InfraCo Africa
VC Fund
2 Kenya, India, France Seed, Series B Renewable Energy, Solar, Energy $1.5M–$28M
Norsad Capital
VC Fund
2 South Africa, Zimbabwe, Kenya Debt Financing, Post-IPO Debt Financial Services, Finance, FinTech $4.6M–$30M
Women Entrepreneurship for Africa
VC Fund
2 Nigeria, Uganda, Cameroon Pre-Seed, Grant Health Care, Agriculture, Food and Beverage
Facility for Energy Inclusion
VC Fund
1 Kenya, France, Zimbabwe Debt Financing Solar, Energy, Farming $5.7M–$200M
Aster
VC Fund
1 France, United States, United Kingdom Series A, Series B Energy, Software, Manufacturing $1.6M–$27M
Vakayi Capital
VC Fund
1 Zimbabwe Industrial, Real Estate
Thawer Capital Management (UK)
VC Fund
1 Zimbabwe Series A Payments, Financial Services
E3 Capital
VC Fund
1 Kenya, South Africa, United States Seed, Series A, Series B Energy, Solar, Renewable Energy $900k–$40M
Oui Capital
VC Fund
1 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, Finance, Apps $40k–$4.9M
Persistent Energy Partners
VC Fund
1 Kenya, Denmark, Nigeria Seed, Venture - Series Unknown, Pre-Seed Energy, Solar, Software $900k–$2.7M
Ground Squirrel Ventures
VC Fund
1 United States, Kenya, Zambia Seed, Venture - Series Unknown Financial Services, FinTech, Finance $125k–$48M
SBXi
VC Fund
1 United States, India, Mexico Pre-Seed, Seed, Venture - Series Unknown Artificial Intelligence, Software, Information Technology $100k–$7M
Proparco
VC Fund
1 India, Kenya, Nigeria Debt Financing, Private Equity Financial Services, Energy, Finance $447k–$200M
SMECZ
VC Fund
1
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 3 investments in Zimbabwe startups, 7 in the past 12 months

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 217
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$1.8M; Venture - Series Unknown $200k–$500k
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Zazu — Zazu is a neobank for African SMEs, offering seamless banking tools, cash flow automation, and real-time insights. Zazu simplifies finance management in one all-in-one solution.
  • Fincart — Fincart is a leading shipping platform in Egypt, connecting your business with top courier services, automating operations, and helping you scale your eCommerce logistics.
  • Udu Technologies — Udu Technologies is an AI infrastructure company that offers GPU systems, AI platform integration, and technical support services.
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InfraCo Africa
VC Fund · London, England, United Kingdom · 2 investments in Zimbabwe startups

As of 1 August 2025, infracoafrica.com and infracoasia.com content has been moved over to pidg.org.

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Investment focus

  • Industry: Renewable Energy, Solar, Energy
  • Stage:Seed, Series B
  • Geography: Kenya, India, France

Investor stats

  • Total investments: 13
  • Round size: Seed $1.5M–$3.4M; Series B $9M–$28M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • Afresco — The next generation in commercial and industrial (C&I) energy for Africa
  • SunCulture — At SunCulture, we strive to solve the biggest daily challenges of smallholder farmers. We use off-grid solar technology to provide our customers with reliable access to water, irrigation, lighting, and mobile charging, and we can do all of that with a single system.
  • Mawingu Networks — Unlimited internet packages for your home and office. 24/7 customer support. Get connected today, starting from 2,500 per month!
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Norsad Capital
VC Fund · Gaborone, South-East, Botswana · 2 investments in Zimbabwe startups

Norsad Capital is an impact investor and private credit provider offering structured debt to mid-market growth companies in Africa.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: South Africa, Zimbabwe, Kenya

Investor stats

  • Total investments: 10
  • Round size: Debt Financing $4.6M–$30M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Bayport Management — Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.
  • Watu — We are a dynamic, fast-growing non-bank finance company offering asset financing for two and three-wheelers.
  • First Finance — First Finance is a financial services provider that provides a wide range of general purpose financial services across the country.
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Women Entrepreneurship for Africa
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Zimbabwe startups

Women Entrepreneurship for Africa

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Investment focus

  • Industry: Health Care, Agriculture, Food and Beverage
  • Stage:Pre-Seed, Grant
  • Geography: Nigeria, Uganda, Cameroon

Investor stats

  • Total investments: 116
  • Lead/follow: 99% lead, 1% follow

Portfolio highlights

  • ORIKI — A wellness + farm to skin brand that creates pampering experiences and luxurious natural personal grooming products. Sharing Africa!
  • Mukuru Clean Stoves — Earthshot Prize Winner 2022. We use recycled metal to manufacture improved, efficient and affordable cookstoves.
  • Loom Craft Chocolate — Loom Craft Chocolate is a artisanal cocoa processor with a strong focus on the quality of our products and the sustainability of our processes.
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Facility for Energy Inclusion
VC Fund · London, England, United Kingdom · 1 investments in Zimbabwe startups

FEI provides flexible debt financing for renewable energy projects across Africa. Empowering mini-grids, C&I solar, and clean infrastructure.

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Investment focus

  • Industry: Solar, Energy, Farming
  • Stage:Debt Financing
  • Geography: Kenya, France, Zimbabwe

Investor stats

  • Total investments: 6
  • Round size: Debt Financing $5.7M–$200M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Qair — Qair is a European independent renewable energy company producing and offering green electricity, hydrogen and molecule solution.
  • CrossBoundary — CrossBoundary Energy's renewable energy solutions help decarbonize enterprise by providing cleaner, cheaper and more reliable power.
  • Communication and Renewable Energy Infrastructure — Communication and Renewable Energy Infrastructure sit at the intersection of innovation and opportunity, driving progress in telecommunications and sustainable energy systems.
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Aster
VC Fund · Paris, Ile-de-France, France · 1 investments in Zimbabwe startups

Aster is a Venture Capital firm with offices in 4 major innovation hubs: Paris, London, Tel Aviv and San Francisco. Since 2000, they have partnered with more than 60 teams of entrepreneurs that are transforming markets with disruptive offers and technologies. They are always open to exploring new ideas related to mobility, energy and industrysectors that they have been covering until now. They invest in all stages, with a preference for the early phase.They are more than investors and they intend to act as an ally for entrepreneurs by connecting them to a valuable ecosystem of experts, influencers and business leaders. From marketing to executive talent, their commitment to the growth of their portfolio companies as well as the entire venture ecosystem also involves the commitment of their dedicated Operations team, their innovation strategy consulting firm (Aster Fab) and a crowdfunding branch to further expand opportunities (Aster Crowd).Some of their success stories include Solairedirect (acquired by Engie in 2015), Digital Lumens (acquired by Osram in 2017) and Avantium (IPOed in 2017).

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Investment focus

  • Industry: Energy, Software, Manufacturing
  • Stage:Series A, Series B
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 137
  • Round size: Series A $1.6M–$22M; Series B $6.6M–$27M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $281M in 2017

Portfolio highlights

  • Easybike — Easybike designs and manufactures a range of bikes that run on electricity. It offers its clients two major ranges of bikes which includes Liberty range and Infinity range.The company is driven by a vision to democratize innovative mode of travel. Easybike was known as one of the first brands in France to have specialized in electric bikes andtailor-made solutions. Easybike was founded in 2010 and is based in Paris, France.
  • Iceotope — Iceotope develops liquid cooling technology for data centers, artificial intelligence infrastructure, and high-performance computing environments. The company designs precision liquid cooling systems that use dielectric fluids to manage heat generated by GPUs, CPUs, memory, storage, and power components within server infrastructure. Its platformreplaces or reduces dependence on traditional air cooling by using sealed liquid-based thermal management architectures for rack-scale and edge computing deployments. The company provides cooling solutions for AI workloads, hyperscale data centers, telecommunications infrastructure, industrial edge computing, and enterprise computing systems. Its product portfolio includes liquid-cooled server systems, rack infrastructure, thermal management platforms, and integrated cooling architectures compatible with existing data center environments.Iceotope also develops thermal management technologies focused on energy efficiency, heat reuse, and reduced water consumption in compute-intensive environments. The company collaborates with hardware manufacturers, semiconductor companies, and infrastructure providers to support the deployment of liquid-cooled computing systems for AI, analytics, and high-density computing applications.
  • Aether Fuels — Enabling a net zero world through sustainable liquid fuels.
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Vakayi Capital
VC Fund · Harare, NA - Zimbabwe, Zimbabwe · 1 investments in Zimbabwe startups

Vakayi Capital supports outstanding entrepreneurs providing essential services in Zimbabwe. Vakayi is uniquely positioned in Zimbabwe to tap into the exceptional investment opportunities in businesses with proven business models, strong growth prospects and the potential to significantly create jobs and impact the lives of low-income people. Theteam’s experience and extensive business network generates a robust deal flow for capital deployment in the clean energy, housing, education and healthcare sectors. Currently, Vakayi is the only fund in Zimbabwe focused on supporting small businesses.

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Investment focus

  • Industry: Industrial, Real Estate
  • Geography: Zimbabwe

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Homelux — Homelux is one of the leading property development companies in Zimbabwe and will deploy the funds towards the development of residential stands in the Tynwald suburb area of Harare.
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Thawer Capital Management (UK)
VC Fund · 1 investments in Zimbabwe startups

Investment focus

  • Industry: Payments, Financial Services
  • Stage:Series A
  • Geography: Zimbabwe

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Payitup — Payitup operates as a payments startup. Payitup currently helps consumers make payments for MultiChoice’s DStv service.
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E3 Capital
VC Fund · Paris, Ile-de-France, France · 1 investments in Zimbabwe startups

E3 Capital invests in growing, entrepreneurial businesses in Sub-Saharan Africa addressing the lack of electrification in the region with new technology and innovative business models. The fund is backed by Schneider Electric, the leading energy management multinational, and a number of public-sector investors.

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Seed, Series A, Series B
  • Geography: Kenya, South Africa, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $900k–$8M; Series A $1.8M–$7.5M; Series B $9M–$40M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • GoCab — GoCab is fintech solution providing Drive-to-own option for vehicle purchase in Emerging markets, helping to bridge the gap between mobility entrepreneurs and financial services.
  • Plentify — Plentify connects home appliances with cheaper cleaner energy. It does this with an intelligent residential load management platform which matches demand with clean energy supply for 75% cheaper than batteries. Plentify combines advanced hardware, AI, and user-centric design to create smart home products that delight customers while alsostrengthening electricity systems.
  • SolarX Africa — SolarX commercial and industrial (C&I) solar company that provides clean and efficient solar solutions, through leasing options in frontier markets.
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Oui Capital
VC Fund · Belmont, Massachusetts, United States · 1 investments in Zimbabwe startups

Oui Capital is an Africa-focused VC firm backing tech-enabled businesses at the pre-seed & seed stage.

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Investment focus

  • Industry: Financial Services, Finance, Apps
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 32
  • Round size: Seed $600k–$4.9M; Pre-Seed $40k–$1.3M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Cauridor — Cauridor is a Financial Services company.
  • Maad — Maad is Francophone Africa's fastest-growing B2B marketplace, based in Dakar, Senegal. Our tech-driven solution allows retailers to order products from our one-stop shop and benefit from working capital loans
  • Herconomy (Ex AGS Tribe) — Herconomy is a platform that allows women build their finances, capacity, collaborate and access opportunities.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Persistent Energy Partners
VC Fund · New York, New York, United States · 1 investments in Zimbabwe startups

Africa's Climate Venture Builder - We believe in the power of climate-positive economic development in Africa. For the last decade, we have been working hand in hand with exceptional entrepreneurs, investing both financial and human capital to build successful climate ventures on the continent. Our companies offer competitive financial returns required to drive lasting impact.

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Investment focus

  • Industry: Energy, Solar, Software
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Kenya, Denmark, Nigeria

Investor stats

  • Total investments: 7
  • Round size: Seed $900k–$2.7M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Altech Group — Altech Group aims at expanding access to clean, renewable, and affordable energy both for poor-grid and off-grid households.
  • Solstroem.com — We offer a transparent and tamper-resitant software infrastructure, based on a distributed ledger system, on which off-grid solar providers (in the first instance) can monetize the CO2 emissions reductions created by their deployed solar systems. This infrastructure is robust and scalable and is designed to ultimately become the digital backbone onwhich all carbon projects in the voluntary carbon market, also beyond off-grid solar, can be rolled out. By integrating with Solstroem, solar providers can gain access to the carbon market in a simple and affordable way and generate an additional revenue stream by selling their generated carbon offsets. This additional revenue stream allows for (i) the deployment of more solar systems, (ii) an accelerated access to renewable energy in developing and emerging markets, and (iii) a tangible climate impact through increased displacement of CO2 emitting fossil fuels such as kerosene and diesel.
  • Beacon Power Services — Beacon Power Services is a utility company that provides energy management software and analytics for utilities.
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Ground Squirrel Ventures
VC Fund · Boston, Massachusetts, United States · 1 investments in Zimbabwe startups

Seed round investment in frontier markets and clean energy

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Kenya, Zambia

Investor stats

  • Total investments: 70
  • Round size: Seed $400k–$3M; Venture - Series Unknown $125k–$48M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Grapevine — Grapevine makes it possible for groups to invite members, collect and distribute donations, establish a community and connect with nonprofits.
  • Untapped Global — Untapped connects global investors, and foreign capital to opportunities in emerging markets. Delivering competitive returns, and measurable impact for global investors.
  • Necessary Ventures — We invest in what the world needs.
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SBXi
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Zimbabwe startups

SBXi is jointly sponsored by nine firms. We offer equity funding for MIT founders who are working on a term sheet with a lead investor.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: United States, India, Mexico

Investor stats

  • Total investments: 186
  • Round size: Seed $150k–$7M; Pre-Seed $100k–$1.5M; Venture - Series Unknown $3M–$6.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LineWise — LineWise, a Y Combinator-backed startup, helps manufacturers maximize production uptime. We use AI to diagnose machine failures, accelerate troubleshooting
  • Spectrohm — Spectrohm is the next generation of internal imaging.
  • Autonomous Cyber — Autonomous Cyber is an artificial intelligence platform for cybersecurity solutions.
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Proparco
VC Fund · Paris, Ile-de-France, France · 1 investments in Zimbabwe startups

Proparco is devoted to private sector funding in the sustainable development sector.

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Investment focus

  • Industry: Financial Services, Energy, Finance
  • Stage:Debt Financing, Private Equity
  • Geography: India, Kenya, Nigeria

Investor stats

  • Total investments: 136
  • Round size: Debt Financing $447k–$200M; Private Equity $10M–$60M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • BasiGo — BasiGo is an early-stage e-mobility start-up looking to revolutionize the public transportation sector by providing matatu owners with a cost-effective electric alternative to diesel buses.
  • Ecoener — Ecoener is a renewable energy company that develops, builds, operates, and maintains electricity generation projects based on clean energy sources. The company works across hydropower, wind, and solar photovoltaic technologies, managing the full lifecycle of energy facilities from early development and engineering to construction and long-termoperation. It also engages in energy commercialization activities that support the sale and distribution of electricity generated from its assets. Ecoener handles project planning, permitting, environmental assessment, and technical design as part of its infrastructure development process. The company operates and expands renewable energy plants across multiple international markets while integrating maintenance and operational management services for its facilities. It also participates in storage-related and hybrid energy projects that combine different renewable technologies to support grid stability and energy supply efficiency.
  • IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
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SMECZ
VC Fund · 1 investments in Zimbabwe startups

Description: SMECZ is a pioneering development organization dedicated to transforming the potential of small and medium enterprises (SMEs) in Zimbabwe. By collaborating closely with the business community and the government, we provide essential access to finance, business support services, and advocacy programs. Our mission is to empower SMEs toactively participate in various value chains and markets, contributing significantly to the sustainable development of the country

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Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Chat Cash — Turn conversations into commerce. The unified operating system for payments, inventory, and AI sales on WhatsApp & USSD.
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VC funding in Zimbabwe at a glance

Stats across 60 deals from 60 investors.

60
investors
in Zimbabwe startups
60
deals
in Zimbabwe startups
$638k
median round
in Zimbabwe startups
63%
lead investors
lead at least one round
25%
Debt Financing
most common funding stage

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VC (Venture Capital) Funds in Zimbabwe by industry